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FXTM Forex Market Update | 26/04/2018

Global stocks were pressured this week as rising US bond yields and rate hike expectations soured appetite for stocks. Thursday’s main event risk will be the ECB policy meeting. Markets widely expect monetary policy to be left unchanged. The Dollar remains supported by rising Treasury yields, while Sterling, Euro, and Gold are under pressure. - The #EURUSD remains pressured below 1.2200 - #Gold is hovering near a five-week low For more Market Analysis read the latest @ http://fxtm.co/marketupdate-yt

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Jameel Ahmad

21 September @ 10:04

By Jameel Ahmad, Global Head of Currency Strategy and Market Research at FXTM

Could the Dollar be turning the corner?
Currencies throughout Asia have welcomed the news that the Dollar has tumbled to a near 3-month low. A number of different currencies in the region have advanced against the Greenback, with the weakening momentum for the Dollar benefiting the Indian Rupee the most at time of writing. The...
Lukman Otunuga

20 September @ 20:43

By Lukman Otunuga, Research Analyst

Dollar dips on NAFTA uncertainty, bears eye 93.50
It was already shaping up to be a negative trading week for the Dollar as easing trade concerns dented the currency’s safe-haven appeal. Buying sentiment towards the Greenback deteriorated further on Thursday following reports that the US and Canada are unlikely to reach a breakthrough on NAFTA...
Lukman Otunuga

20 September @ 14:21

By Lukman Otunuga, Research Analyst

Pound boosted by retail sales, EU summit in focus
The Pound was thrown back into the limelight today after UK retail sales unexpectedly rose in August. UK retail sales dished out an upside surprise by rising 0.3% last month as shoppers shrugged off Brexit concerns over the summer period. While this encouraging report adds to a number of solid...